Strategy in TECH...
Hey Colorado integrators, you’ve got a guy on the inside now! Benjamin Larkin, President of renowned Denver AV retail and custom integration company ListenUp, has been appointed to the Colorado State Electrical Board. Appointed by Colorado Governor Jared Polis, Larkin brings an integrator’s perspective into a government regulatory body.
Perhaps one of the more surprising events at CEDIA Expo 2022 – at least in my mind – was an event that took place early in the morning on the first official day of the show floor opening. This event, the CEDIA Advocacy Town Hall in which the organization intended to discuss the extent of their political advocacy conducted on behalf of the membership, seemed to me like something unlikely to draw much attention…or attendance.
Boy…was I wrong!
This month, the United Nations released its report on the latest global population trends and it delivered quite a few surprises…and even a bit of a shock. The data shows that major population shifts are coming…and coming soon. First, in a bit of a surprise, we learn that by November 15 of this year, the world population will total 8 billion people. The U.N. says that, in the world we hope to build, that population number will represent “8 billion opportunities to lead dignified and fulfilled lives.” But it also represents 8 billion reasons to remember “our shared responsibility to care for our planet.”
And, in a bit of a shock, we learn that by next year, China will be replaced as the most populous nation in the world by India, whose rate of population growth supersedes China’s. Surprised?
Major American and Asian chip makers warned this week that they may scale back their planned investments in building U.S. semiconductor production if Congress doesn’t finally move forward and pass the CHIPS Act. The CHIPS Act is legislation the administration seeks to build up a more robust U.S.-based semiconductor supply chain.
Here we go again! Yet another major blow has been dealt to the supply chain, this time from another round of COVID-19 hitting China, forcing lockdowns in many critical areas of the country – including Shenzhen. You may or may not know that much of the electronics goods manufactured in China come out of the Shenzhen region – so we all have a direct connection to the impact of this development. Add to this, new reports of container costs rising again and transportation disruptions from the Russian invasion of Ukraine. What’s next?
Certainly, the biggest news story of the year has been the dramatic and horrific invasion of Ukraine by Russia. This invasion was undertaken for illegitimate reasons and has resulted in an almost unbearable amount of pain for Ukrainian soldiers and citizens. The dismal news coming out of the region has forced countries, alliances, and even businesses to reassess their relationship with the clear aggressor in the war, Russia. Now, this reckoning has come to the Tech industry as well.
An analysis of our still-fragile supply chain by various experts in the field concludes that the Russian invasion of Ukraine will impact the global supply chain in many damaging ways. We are likely to face more shipment delays and cost increases for both the immediate future, and for a period of time that will extend until well after the invasion concludes.
The Biden Administration announced on Tuesday a comprehensive public/private mining initiative that is designed to boost the local supply of essential minerals. These minerals are required in a wide range of strategic products and the administration’s new programs will achieve several goals: they will use new technology to boost the mining of the minerals in new areas of the country, create a large number of good-paying American jobs, and reduce our reliance on China. What looks to be a savvy program, this new initiative partners with key American companies to improve the U.S.’s supply chain structure in order to make it more robust to “build a future that’s made in America.”
Speaking at a press conference in Malaysia today, Intel CEO Pat Gelsinger said that the global chip shortage will last until 2023. Gelsinger pointed to the fact that demand keeps expanding, even as the industry struggles to bring more production online to fill the demand.
In new research from a think tank based in Bentonville, AR called Heartland Forward, we learn that innovation in the U.S. is largely happening on the east and west coasts of the country – not in America’s heartland where entrepreneurship is lagging. And that they hope to change by influencing state policymakers to go on the offensive to launch new entrepreneurial initiatives.
